Zerodha Stock Trading, Demat, Brokerage and Reviews

Zerodha

Zerodha is a Bangalore, India based Flat Fee Share Broker (Also known as Budget Broker / Discount Broker / Pay Per Order Brokerage) for trading in Stock, Commodity and Currency Derivative. It charges brokerage of 0.01% or Rs 20 per executed order, wh...

Zerodha Stock Broker Review Ratings

I sent my trading and demat forms for account opening. But only my trading account has been opened and my demat account has still not been opened. I contacted my sales manager, but my query has not been answered. Plz help

I had interaction with the Zerodha team. Their attitude towards customers is really surprising. They are very sarCEO), but in vain. No action was taken. It doesnt matter for them whether you become or doesnt become their customer.

I have been using zerodha for almost a year now. Brokerage rates are definitely one of the best in India. The customer service is also really good. I have contacted them a couple of times through e-mail and they promptly responded and fixed my issues. However, there are a couple of problems with their software:

- Sensex and nifty tracking is not possible.- The buy prices of your shares are NOT shown.- Everyday, the buy prices of your options are to the opening rates of those options. So, if you buy something at Rs. 10, hold it for a day, and if it opens at Rs. 15 the next day, you buy price will be shown as Rs. 15. So, if the current price is Rs. 13, the software will show a loss of Rs. 2000 instead of showing a profit of Rs. 3000. If you don''t realise this, it could lead to a disaster.

This is my Third Broking hoand i can say this with surety that Zerodha is the best trading platform i have ever used if you dont require any research work from zerodha. Just little bit of technical knowledge and u will manage all your trading,fund trasfers, withdrawls of your own.Charges are very less that too in few rupees even if you are doing trading in lakhs.

I recently downloaded Zerodha''s application form. I came acrossa) running account authorization page, wherein it was mentioned that securities will be retained by them unless we instruct to transfer the same to our A/c. Also securities A/c will be settled once monthly/quarterly & b)All Securities shall be subject to lien

Query

a)When payment has to be made upfront why should securities be retained by them &b)Securities being subject to lien is being done only by Zerodha (at least not being done by its nearest competitor)